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Registered Number: 10249261
England and Wales

 

 

 

PARALLEL PROGRESS LIMITED


Filleted Accounts
 


Period of accounts

Start date: 31 May 2022

End date: 30 May 2023
  2023   2022
    £ £   £ £
Fixed assets   174      231 
Current assets 39,224      43,576   
Creditors: amount falling due within one year (4,194)     (9,480)  
Net current assets   35,030      34,096 
Total assets less current liabilities   35,204      34,327 
Net assets   35,204      34,327 
 

         
Capital and reserves   35,204      34,327 
 
NOTES TO THE ACCOUNTS

General Information
Parallel Progress Limited is a private company, limited by shares, registered in England and Wales, registration number 10249261, registration address Suite 211a, Peel House, 34-44 London Road, Morden, SM4 5BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 30 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 February 2024 and were signed by:


--------------------------------
A Dosani
Director
1